#Principal definition loan series#
To find a definition, click the first letter of the term.Ī | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | ZĪmortization: Loan payments by equal periodic amounts calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.Īmortized Loan: A loan to be repaid, by a series of regular installments of principal and interest, that are equal or nearly equal, without any special balloon payment prior to maturity.Īnniversary Date: The date upon which the twelfth payment is due. Your Campus Housing Programs Representative or the Office of Loan Programs staff will be happy to answer any specific questions you may have. The terms and definitions that follow have no binding effect for purposes of any contracts or other transactions with us.
#Principal definition loan manuals#
The specific meaning of a term or phrase will depend on where and how it is used, because the relevant documents, including signed agreements, customer disclosures, internal Program policy manuals and industry usage, will control meaning in a particular context.
The terms and definitions that follow are meant to give simple, informal meaning for words and phrases you may see on our Web site that may not be familiar to you.
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